State of New Jersey Common Pension Fund D Increases Holdings in Maximus, Inc. (NYSE:MMS)

State of New Jersey Common Pension Fund D boosted its stake in shares of Maximus, Inc. (NYSE:MMS) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,302 shares of the health services provider’s stock after buying an additional 4,597 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Maximus were worth $1,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MMS. Creative Planning lifted its holdings in shares of Maximus by 7.8% during the 3rd quarter. Creative Planning now owns 16,386 shares of the health services provider’s stock valued at $1,527,000 after purchasing an additional 1,181 shares during the last quarter. Blue Trust Inc. increased its position in shares of Maximus by 234.2% in the 3rd quarter. Blue Trust Inc. now owns 1,310 shares of the health services provider’s stock valued at $112,000 after acquiring an additional 918 shares during the period. Dakota Wealth Management acquired a new position in shares of Maximus in the 3rd quarter valued at $208,000. GHP Investment Advisors Inc. increased its position in shares of Maximus by 4.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 32,151 shares of the health services provider’s stock valued at $2,995,000 after acquiring an additional 1,443 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Maximus by 5.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,987 shares of the health services provider’s stock valued at $650,000 after acquiring an additional 365 shares during the period. Hedge funds and other institutional investors own 97.21% of the company’s stock.

Insiders Place Their Bets

In other Maximus news, Director Raymond B. Ruddy bought 3,490 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $71.46 per share, for a total transaction of $249,395.40. Following the transaction, the director now directly owns 112,520 shares of the company’s stock, valued at approximately $8,040,679.20. The trade was a 3.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bruce Caswell bought 3,500 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of $70.64 per share, for a total transaction of $247,240.00. Following the completion of the transaction, the chief executive officer now directly owns 275,929 shares in the company, valued at approximately $19,491,624.56. This trade represents a 1.28 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,063 shares of company stock valued at $502,017. Company insiders own 1.60% of the company’s stock.

Maximus Price Performance

Shares of MMS opened at $65.95 on Monday. The business’s 50-day moving average is $73.79 and its two-hundred day moving average is $81.63. The company has a market capitalization of $3.73 billion, a P/E ratio of 14.18 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.72 and a current ratio of 1.72. Maximus, Inc. has a fifty-two week low of $64.53 and a fifty-two week high of $93.97.

Maximus (NYSE:MMS) last announced its quarterly earnings results on Thursday, February 6th. The health services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.22. Maximus had a return on equity of 21.95% and a net margin of 5.28%. Research analysts predict that Maximus, Inc. will post 6.15 earnings per share for the current year.

Maximus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Saturday, February 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, February 14th. Maximus’s dividend payout ratio is currently 25.81%.

Wall Street Analyst Weigh In

MMS has been the topic of several research reports. StockNews.com downgraded Maximus from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Raymond James raised Maximus from a “market perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Thursday, January 2nd.

About Maximus

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.